SSB 3079: SSB 3079

What it does

This bill relates to the regulation of pharmacy benefits managers (PBMs). Under current law, a PBM owes a duty of good faith and fair dealing to third-party payors. The bill expands that duty to pharmacies. The bill prohibits retaliation by a PBM against a pharmacy based on the pharmacy’s exercise of any right or remedy, or on the pharmacy’s cooperation with the commissioner. Prohibited retaliation includes terminating or refusing to renew a contract with a pharmacy, subjecting a pharmacy to increased audits, or withholding or failing to promptly pay the pharmacy any money owed by the PBM.

Senate subcommittee · named January 17, 2024

• Sen. Mike Klimesh (R) · mike.klimesh@legis.iowa.gov
• Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov

Lobbying · 6 for, 0 against

For: ARJ Infusion Services, Inc.; Hy-Vee, Inc.; Iowa Insurance Division; Iowa Pharmacy Association; Iowa Primary Care Association; National Association of Benefits and Insurance Professionals-Iowa Chapter

In plain words

1. January 17, 2024Filed in the Senate and sent to the Commerce committee
2. January 17, 2024Senate subcommittee named: Klimesh, Koelker and Petersen
3. January 23, 2024Subcommittee recommended passing it with changes
4. February 14, 2024Approved by the Senate committee, and given a new number: SF 2357